The "cash on hand" on the balance sheet of a bank refers to the cash/cash equivalents (CCE) and short-term investments that a bank has in its possession. Unlike long-term investments, a bank's cash on hand can quickly be accessed and used to serve customer withdrawal requests.
VersaBank - Net assets
net assets as of October 2023: $0.27 B
ℹ️ net assets
A banks net assets is the sum of its assets (cash, investments, properties) minus the sum of its liabilities (debt, customer deposits and other obligations).
VersaBank - Total assets
total assets as of October 2023: $3.03 B
ℹ️ total assets
A banks total assets is the sum of all its current and non-current assets, such as deposits, cash and cash equivalents and properties.
VersaBank - Total liabilities
total liabilities as of October 2023: $2.76 B
ℹ️ total liabilities
A banks total liabilities is the sum of all current and non-current debts and obligations.
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